Business

A liquor brand co-created by songwriting master Bob Dylan is being sued by a Kentucky brand for copyright infringement. Heaven Hill Distilleries Inc. filed a lawsuit against Heaven’s Door Spirits LLC on Friday in U.S. District Court for the Western District of Kentucky. Heaven’s Door makes a Tennessee bourbon, a double-barrel finished whiskey and a

After Walmart shares surged almost 10 percent last Thursday thanks to the company’s strong second-quarter earnings numbers, investors might be wondering if the stock has reached its peak. CNBC’s Jim Cramer doesn’t think so. “Don’t think it is too late to buy some,” the “Mad Money” host said. Cramer traces the stock’s rise back to

Nike shares climbed Monday after an analyst said the sneaker maker is gaining market share from competitors like Adidas and specialty retailers including Foot Locker and Finish Line. Nike‘s strategy to trim excess inventory and focus on selling directly to consumers is showing signs of progress, Susquehanna Financial Group analyst Sam Poser said in a

Nelson Dellis has won the U.S. memory championship four times. He once memorized the sequence of a pack of cards in just over 40 seconds, and it took him just 15 minutes to master over 200 names. Considering how many people struggle with memory loss due to age and disease, there’s naturally a lot of

Streaming services such as Netflix, Hulu and Amazon are increasingly fighting for eyes — upping content spends and rounding out studios. But industry leaders are fighting a different battle for dollars with their youngest viewers. Streaming subscribers are sharing passwords and skirting systems in increasing numbers, creating an increasingly expensive problem for streaming services. Getting

Every day after he leaves his job as a warehouse general manager, Cody Henderson runs up to three miles. Then, he sets up cornhole boards and practices throwing beanbags for a couple hours, focusing on timing, balance and precision. “It helps a lot with the endurance and mental game,” Henderson, 27, told CNBC. “If you

Homework is a drag for any high schooler, but for the class of 2006’s Laura Palmaro Allen, even starting an assignment required a laborious, multistep process. She and her family had to strip her textbooks from their bindings, run the pages through a high speed scanner, and digitize them — all before she could use

Here’s a roundup of the most important deals in venture capital in the last week. Alphabet invested $375 million in Oscar Health, a six-year-old health insurance start-up co-founded by Joshua Kushner. The investment comes just a few months after two other subsidiaries of Alphabet — another investment arm, Capital G, and life sciences division Verily

Telsa board members are concerned about Elon Musk’s use of Ambien and recreational drugs, according to an explosive interview with The New York Times published late Thursday. Musk said in the interview he now needs Ambien to sleep, but board members are concerned that the drug isn’t having the intended effect for Musk, the New

At an internal meeting on Thursday, Google CEO Sundar Pichai expressed interest in continuing to expand the company’s services in China, but told employees that the company was “not close” to launching a search product there and that whether it would — or could — “is all very unclear.” Pichai’s remarks, shared with CNBC by

Pregnant women may one day be able to find out whether they’re at risk of developing gestational diabetes with a blood test as early as 10 weeks into their pregnancies, research suggests. Some women become sensitive to insulin during their pregnancies and develop gestational diabetes. The condition causes women’s blood sugar levels to spike and

Cisco stock rose more than 6 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.

General Electric shares fell below $12 per share for the first time since July 24, 2009 on Wednesday, plowing a new low for the stock this year as investors appear concerned about the embattled industrial company’s turnaround plan. Shares of GE fell more than 2 percent in trading, slipping as low as $11.94 per share.

While the failed merger between Walgreens and Rite Aid has led to the pharmacy chains struggling to find their footing, their rival CVS has had the chance to shine, CNBC’s Jim Cramer said. “When the FTC blocked the Walgreens-Rite Aid merger, they actually laid the groundwork for less competition, because the delay and subsequent confusion

SpaceX showed off its Crew Dragon capsule on Monday, the spacecraft the company built to launch humans to orbit, as well as introduced the first four NASA astronauts which will fly in it. “We are not going to fly until we’re ready to fly these folks safely,” SpaceX President and COO Gwynne Shotwell told reporters,

Elon Musk said Monday that he is working with Goldman Sachs and Silver Lake on taking Tesla private. In a Twitter post, Musk said those two firms are acting as financial advisors, and he’s also working with Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson as legal advisors. Elon Musk tweet: I’m excited

The opioid epidemic in the United States has “peaked,” says Dr. Toby Cosgrove, one of the nation’s leading voices on health-care reform. “We’re starting to see the understanding of the problem,” Cosgrove said on CNBC’s “Squawk Box” on Monday. “[We] are getting to the point where people are certainty prescribing fewer drugs and people are

Customs agents in Shanghai have refused to release a shipment of American-made Mercedes-Benz SUVs because of what they have described as a “safety risk.” Ostensibly, the Mercedes GLE and GLS models have a problem with their rear brakes that authorities want fixed before they are allowed into the country. But the timing of the move,

President Donald Trump renewed his war of words with iconic U.S. motorcycle maker Harley Davidson on Sunday, denouncing the company’s plan to shift some production abroad and appearing to back consumers that have called for a boycott. In a series of early morning posts on Twitter, the president said that people looking to stop buying

As of this week, Hulu’s major stakeholders have all reported earnings for the most recent quarter — and all three posted some big losses for the streaming service as it ramps up investments. Hulu doesn’t report official numbers — and declined to comment for this story — but some rough math of write-downs by Comcast,

In May, Facebook said David Marcus was leaving his role running Messenger to start an internal blockchain initiative. Since the moment, a big question has been circling in the crypto world: What about his seat on Coinbase’s board? Coinbase, the leading exchange for bitcoin and other digital currencies, is the clear breakout success in the

NewTV, a subscription streaming service for premium short-form content that’s launching by Christmas of 2019, aims to disrupt Hollywood the way HBO did in the 1990s, and has raised $1 billion in funding. The company is run by Jeffrey Katzenberg, the former chairman of Disney Studios, and former Hewlett Packard Enterprise CEO Meg Whitman. Investors

Greenlight Capital president David Einhorn tweeted Friday he got the pairs of short shorts that fellow billionaire Elon Musk promised him last week. “I want to thank @elonmusk for the shorts. He is a man of his word!” Einhorn said in a tweet. @davidein: I want to thank @elonmusk for the shorts. He is a

It may sound odd, but the group hurt the most by the U.S.-China trade war is the hedge funds, CNBC’s Jim Cramer said on Thursday. “OK, I’m being a little facetious, but when you think about it, maybe I’m not. Hedge fund managers have lost billions of dollars shorting stocks ever since the trade war

Buffalo Wild Wings is looking to become your one stop shop for beer, wings, sports and sports betting. The chicken wing and sports bar chain is exploring new business opportunities opened up by the newly expanded sports betting laws after a May ruling by the Supreme Court lifted a federal restriction on legal betting, according

Rite Aid Corporation and Albertsons Companies announced on Wednesday they are terminating their merger agreement the evening ahead of a shareholder vote over the deal. The $24 billion deal, announced in February, has faced push-back from a number of retail investors as well as top ten shareholder Highfields Capital Management. Critics have argued the deal

In the competition to be top website, Facebook may soon cede its runner-up position to YouTube, according to a new study shared with CNBC by market research firm SimilarWeb. The five websites receiving the most traffic in the U.S. in the last several years have been Google, Facebook, YouTube, Yahoo and Amazon, in that order.

There are some things that just cannot be unsaid. It’s a lesson that Papa John’s executives and shareholders are learning the hard way. “Very inexcusable and irresponsible comments” by company founder and former CEO John Schnatter caused same-store sales in July to plunge by about 10.5 percent, current CEO Steve Ritchie told analysts Tuesday in

President Donald Trump will host a dinner with the leaders of several prominent companies from a variety of sectors Tuesday at his private golf club in Bedminster, N.J. “This is an opportunity for the President to hear how the economy is doing from their perspective and what their priorities and thoughts are for the year

Expedia reported second-quarter earnings in July that beat analysts’ expectations and caused the stock to skyrocket. However, CNBC’s Jim Cramer explained that the outlook hasn’t always been so rosy for the digital travel company, which deals with everything from hotels to cruises to rental cars. Last August, the company lost CEO Dara Khosrowshahi to Uber